Financial Well Being Network LLC jobs and careers

About Financial Well Being Network LLC

Experienced President skilled in Sales, Consulting, Marketing. To improve our understanding of how people make financial decisions, it is important to investigate what psychological characteristics influence individuals’ positive financial behavior and financial well-being. People make bad financial decisions. We save too little for retirement, we overspend, we do not pay our bills on time, and we sometimes buy things we regret. However, we do not make bad financial decisions all the time and some of us are more or less inclined to make bad financial decisions. Moreover, some of us are more or less susceptible to feeling anxiety as a consequence of our financial behavior. This behavioral heterogeneity is a challenge to one-model-fits-all theories of economic behavior and as a consequence recent research has been concerned with understanding the role of individual differences in financial behavior and financial well-being. Self-control is typically manifested as our ability to break bad habits, resist temptations and overcome first impulses. One way to define self-control is that it constitutes the ability of our future selves to control our current self. When self-control failure occurs, people act in a non-optimal way and they might, for example, procrastinate work even though they know that they would be better off spreading the work-load over time. The ability to control impulses is undoubtedly a key factor for long-term success in many areas of life. A related topic that has been under-explored is how the ability to control impulses links to feelings of anxiety regarding one’s own financial situation. Financial well-being is often treated as an objective measure where certain financial decisions are defining features of what constitutes financial well-being. However, an equally important aspect of financial well-being is how people subjectively feel about their financial situation. To what extent do people feel anxiety concerning the many decisions and unce